Libor Probe Expands to Bank Traders

Several groups of traders are under investigation by regulators around the world for allegedly banding together to rig interest rates, people close to the probe said.

The continuing criminal and civil scrutiny includes more than a dozen traders from at least nine banks, often allegedly working together in small groups to target different interest rates on separate continents, the people said.

The emerging details about traders...

RELATED VIDEO

Libor Probe Expands to Bankers

Investigators allege a years-long, worldwide conspiracy by groups of bankers to rig interest rates. What changes, if any, are expected to come to the banking industry as a result? David Enrich reports on Markets Hub. Photo: Bloomberg.